Jackson Walker Advises Oilfield Water Logistics in Acquiring Portfolio of Operating Assets in New Mexico

January 9, 2020 | Client Results

Jackson Walker represented Oilfield Water Logistics (OWL) in acquiring a portfolio of operating assets in New Mexico from a major Permian Basin oil producer, including 23 saltwater disposal wells and 300 miles of water gathering pipelines. OWL and the seller also entered into a long-term contract for water infrastructure solutions. Financial terms were not disclosed.

In a January 6, 2020, announcement, OWL Chief Executive Officer Chris Cooper said: “This acquisition complements our current operations in the Northern Delaware Basin, doubling OWL’s footprint and enhancing our capabilities and long-term value proposition for customers. E&P companies increasingly face operational and logistical challenges related to the transportation, re-use and disposal of produced water. We are proud to partner with North American producers to deliver safe, reliable and sustainable solutions that help our customers to achieve new efficiencies and best practices.”

Founded in 2014, OWL’s growing midstream water infrastructure platform in the Permian and Powder River Basins provides essential infrastructure supporting oil production across the midstream water value chain, including produced water gathering, transportation, re-use, and disposal. OWL provides long-term stability and volume predictability for its exploration and production customers and is strongly positioned to meet increasing customer demand and to further expand its footprint and service offering. OWL is a portfolio company of InstarAGF Asset Management Inc., a leading North American infrastructure manager. For more information about OWL, visit oilfieldwaterlogistics.com. For more information about InstarAGF Asset Management, visit instaragf.com.

The Jackson Walker team that represented OWL included Mario Perez Dolan, Larry E. Glasgow, Jeffrey M. Sone, Carl E. Glaze, Kirk Tucker, Ronald D. Kerridge, Steven D. Moore, Peter K. Wahl, Jonathan M. Bull, W. Bowman Givhan, Jr., and Zachary S. Fedorko.

For more information about the transaction, read OWL’s press release.

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In This Story

Jonathan M. Bull
Partner, Dallas

Mario Perez Dolan
Partner, Dallas

W. Bowman Givhan, Jr.
Associate, Dallas

Larry E. Glasgow
Partner, Dallas

Carl E. Glaze
Senior Counsel, Dallas

Ronald D. Kerridge
Partner, Dallas

Steven D. Moore
Partner, Austin

Jeffrey M. Sone
Partner, Dallas

Kirk Tucker
Partner, Houston

Peter K. Wahl
Partner, Dallas